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Jan 21, 2013
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>>> plus, what barack obama has done right and wrong over the last four years. >>> plus, food for thought. the ceo who says oba. >>> and know when to hold them and when to fold them. the importance of keeping a poker face for women in the business world. "on the money" begins right now. >>> here's a look at what's making news as we head into a new week "on the money." the stealth market rally keeps powering forward, and the major indices are at or near five-year highs. the markets have been powered by so much money ones sidelines, new money coming into the market at the beginning of the year as well as encouraging economic news and just a lack of bad news when it comes to earnings. stocks kept on climbing on friday. lots of earnings news for lots of big financial companies this week. goldman sachs passed expectations, as did morgan stanley, while citi fell well short. jpmorgan chase beat expectations, but cut chairman jamie dimon's compensation in half because of the so-called london whale trade. retail sales were up more than expected in december, 0.5%. americans ignored worries about hi
>>> plus, what barack obama has done right and wrong over the last four years. >>> plus, food for thought. the ceo who says oba. >>> and know when to hold them and when to fold them. the importance of keeping a poker face for women in the business world. "on the money" begins right now. >>> here's a look at what's making news as we head into a new week "on the money." the stealth market rally keeps powering forward, and the major indices...
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Jan 14, 2013
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we have this fight a year and a half ago and the taxpayers won and obama lost. we're going to have this fight again. obama wants to keep spending crazily. he wants to have more solyndras. the answer is no. and the only person who can default is obama. when we hit the debt ceiling they're not allowed to borrow anymore. you don't not pay your mortgage if you get a 10% cut in your salary. you reduce other things. you pay your debts first and then you deal with other spending. the president's tried to turn that upside down by saying he would cancel the debt. he can't do it. he won't do it. he's lying when he says that's what he will do. i think we have a conversation over the next two months reminding the american people that we will pay our debts but we won't pay obama's crazy overspending. >> the people are in charge. whether it's jack lew or tim geithner if you remember what happened at the end of 2011, it was an issue where you're going to be watching on tv that the soldiers that protect our freedom, are they going to get their check? soldiers that came back wou
we have this fight a year and a half ago and the taxpayers won and obama lost. we're going to have this fight again. obama wants to keep spending crazily. he wants to have more solyndras. the answer is no. and the only person who can default is obama. when we hit the debt ceiling they're not allowed to borrow anymore. you don't not pay your mortgage if you get a 10% cut in your salary. you reduce other things. you pay your debts first and then you deal with other spending. the president's tried...
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Jan 21, 2013
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have traded over the last four years. the recovery from the credit crisis had pretty much most to do with the trends that we're seeing here. present adding almost 60%. nymex adding 34%. allen, you know, the point of these charts is during, i guess, more normal times which we know don't influence markets in any material way anyhow. president obama came into office when we had just been through this tremendous crisis. is it any surprise that we're sitting at these levels two years later? >> i think the real surprise is that the fed have been so successful at stabilization the markets in the face of some fairly horrific conditions. so i'll actually say those charts are pouring more reflection of what we've seen from the past than what we've seen from the president. if anything, when we look at the policy making process world would it, it looks like paralysis compared to what the central banks are doing. >> and the mood in d.c. is very toned down, subdued. if it were up to the markets, maybe they would have the torn horns out
have traded over the last four years. the recovery from the credit crisis had pretty much most to do with the trends that we're seeing here. present adding almost 60%. nymex adding 34%. allen, you know, the point of these charts is during, i guess, more normal times which we know don't influence markets in any material way anyhow. president obama came into office when we had just been through this tremendous crisis. is it any surprise that we're sitting at these levels two years later? >>...
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Jan 16, 2013
01/13
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this year, well, it's fewer than half that. about 300 jets scheduled to land at dulles, and around 10 to 20 at reagan. the metropolitan washington port authority said obama's jet set popularity has fallen by more than 50%. granted, the whole inauguration this year is smaller this time. it's not the big historic event it was in 2009. during these budget cutting times, having fewer private jets fly to washington may not be a bad thing. but it is no secret that obama is less popular today with the super rich. congress just raising their taxes. and two years ago, he personally called for an end to tax breaks for private jet owners. it's no wonder some of them are keeping their jets at home this year. read more on cnbc.com. >> is it possible they're just taking a delta shuttle? >> maybe. but they kind of are voting with their tail fins this year. what's interesting is obama is on the one hand saying the rich need to pay their fair share, but also raising more money from the wealthy in this inauguration than last time. last year he h
this year, well, it's fewer than half that. about 300 jets scheduled to land at dulles, and around 10 to 20 at reagan. the metropolitan washington port authority said obama's jet set popularity has fallen by more than 50%. granted, the whole inauguration this year is smaller this time. it's not the big historic event it was in 2009. during these budget cutting times, having fewer private jets fly to washington may not be a bad thing. but it is no secret that obama is less popular today with the...
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Jan 17, 2013
01/13
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more on that coming up. >> ebay trading at a seven-year high. is there more room to grow? that and much more coming up on the "closing bell" here on cnbc. what's next? he's going to apply testosterone to his underarm. axiron, the only underarm treatment for low t, can restore testosterone levels back to normal in most men. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these signs and symptoms to your doctor if they occur. tell your doctor about all medical conditions and medications. do not use if you have prostate or breast cancer. serious side effects could include increased risk of prostate cancer; worsening prostate symptoms; decreased sperm count; ankle, feet, or body swelling; enlarged or painful breasts; problems breathing while sleeping; and blood clots in the legs. common s
more on that coming up. >> ebay trading at a seven-year high. is there more room to grow? that and much more coming up on the "closing bell" here on cnbc. what's next? he's going to apply testosterone to his underarm. axiron, the only underarm treatment for low t, can restore testosterone levels back to normal in most men. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may...
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Jan 18, 2013
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that's up about 7% since the obamas moved in four years ago and the white house's value peaked at just under $ 00 million in july 2006. given that that was the top of the property boom, pretty impressive that we're not that far off. we want to know, how much do you think the white house is really worth? join the conversation here on "worldwide exchange." get in touch with us, entertain me while ross is away. worldwide@cnbc.com. tweet us, @cnbcwex or @kelly evans. >>> next, u.s. planes will reportedly land in -- i'm sorry, u.s. planes have erroredly landed in algeria as hostage takers remain holed up in a gas complex. we will bring you the latest as we come back. >>> let's take a look at how european equities are right now. advancers generally outpacing decliners. what are you doing? nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male announcer ] save on ground shippin
that's up about 7% since the obamas moved in four years ago and the white house's value peaked at just under $ 00 million in july 2006. given that that was the top of the property boom, pretty impressive that we're not that far off. we want to know, how much do you think the white house is really worth? join the conversation here on "worldwide exchange." get in touch with us, entertain me while ross is away. worldwide@cnbc.com. tweet us, @cnbcwex or @kelly evans. >>> next,...
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Jan 18, 2013
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. >> on monday, president obama will be inaugurated for a second time. you have called obama care a variety of things. most famously, a form of fascism. a phrase you backed away from. why do you feel so strongly that obama care and this president is leading in the wrong direction? >> well, first i made a poor choice in words that got a lot of people upset. and of koirs that wasn't my intention. i'm a believer in free enterprise capitalism. i think it is what's lifted humanity out of poverty. i think it result in great progress we made in the world. a hundred years ago 85% of people alive lived on less than $1 a day. average life span, 30. now across the world, 68. 78 in the united states. that's due it capitalism. that's due to business. i would like to see healthcare based on free enterprise capitalism. instead it has moved to greater government control, which saps innovation, doesn't give us choices or innovations. i would much rather see a safety net for poor people so everyone can afford healthcare, but let the markets work. we have crony capitalism
. >> on monday, president obama will be inaugurated for a second time. you have called obama care a variety of things. most famously, a form of fascism. a phrase you backed away from. why do you feel so strongly that obama care and this president is leading in the wrong direction? >> well, first i made a poor choice in words that got a lot of people upset. and of koirs that wasn't my intention. i'm a believer in free enterprise capitalism. i think it is what's lifted humanity out of...
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Jan 15, 2013
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the slowdown in germany worse than expected compared to a 3% gdp reading the year before. >>> urging action, president obama, fed chairman bernanke and treasury secretary tim geithner all say congress must face the u.s. debt ceiling or face irreparable damage to the u.s. economy. >>> the third quarter revenue beats forecasts, h & m's top sales estimates, as well. >>> reports say the pcmaker has been in talk wes several private equity firms in recent months about a possible buyout. >>> right. we're just about to get the latest cpi numbers and producer price figures out for the uk. just to remind you, month on month forecast we're looking for a rise of .5%. there's a lot coming out at the same time. >> it's hard to grab these. >> cpi up. for once, it's hit the forecast, up 0.5% on the month, the annual rate 2.7%. that's exactly as forecasts suggested. the highest rate since may. rpi up 0.5%. the annual rate of rpi slightly less. rpx, the old measure we used to look at which includes housing but not mortgage costs, up 3% as expected. the biggest contribution to cpi came from utility bil
the slowdown in germany worse than expected compared to a 3% gdp reading the year before. >>> urging action, president obama, fed chairman bernanke and treasury secretary tim geithner all say congress must face the u.s. debt ceiling or face irreparable damage to the u.s. economy. >>> the third quarter revenue beats forecasts, h & m's top sales estimates, as well. >>> reports say the pcmaker has been in talk wes several private equity firms in recent months about a...
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Jan 15, 2013
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if we didn't have it, we would blow through it like we did for many years. yes, we're doing it differently now. we're talking about the debt ceiling in term of ways to have a discussion and reduce spending. is that different than it has been over the last 30 years? yes, but thankfully so. maybe if we had these discussions for the last 30 years we wouldn't be looking at $6 trillion in debt. we've done it to ourselves but this is the future and perhaps rightly so until we get things straightened out. >> we'll keep a close eye. thanks for coming to the camera. >> thanks for having me. >> still, the cost of america's crumbling of infrastructure. we're back in a moment. >> announcer: this cnbc program is sponsored by audi, truth in engineering. [ engine revs ] come in. ♪ got the coffee. that was fast. we're outta here. ♪ [ engine revs ] ♪ the street." i'm michelle caruso cabrera. a report just came out that shows how costly it is that we don't keep up our roads and waterways. more than $3 trillion off the nation's gdp through 2020. they believe we should be
if we didn't have it, we would blow through it like we did for many years. yes, we're doing it differently now. we're talking about the debt ceiling in term of ways to have a discussion and reduce spending. is that different than it has been over the last 30 years? yes, but thankfully so. maybe if we had these discussions for the last 30 years we wouldn't be looking at $6 trillion in debt. we've done it to ourselves but this is the future and perhaps rightly so until we get things straightened...
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Jan 14, 2013
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this year. this includes a path to citizenship for illegal immigrants already in the country. immigrants would have to pay fines and back taxes. it would require businesses to veri verify employees in the country legally. the president will lay out his annual state of the u.n. address set for february 12th. >> let's take a look at the markets this morning. at this point, the futures outlook is mixed. dow and s&p 500 futures are both indicated higher. fass dak futures are indicated slightly down, down by just over 7 points and i wonder if part of that is because of what is happening with apple. that sdun does the make up a big part of the post shares percentage. if you take a look at europe this morning, you'll see that it was at this point the averages there above fair value are trading higher in the early trade there. in france, cac is up by .4%. germany the dax is up by .6%. the ftse is lightly higher bay few points in london. in asia overnight, you'll see that the hang seng endeded up by almo
this year. this includes a path to citizenship for illegal immigrants already in the country. immigrants would have to pay fines and back taxes. it would require businesses to veri verify employees in the country legally. the president will lay out his annual state of the u.n. address set for february 12th. >> let's take a look at the markets this morning. at this point, the futures outlook is mixed. dow and s&p 500 futures are both indicated higher. fass dak futures are indicated...
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Jan 18, 2013
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president obama's approval rating is over 50%, it's at 52%. not bad. but not a real spike as sometimes you get with a re-elected president who benefits from the absence of bad feeling once the election is over. he's doing a little better, but he only moves in a narrow band. republicans or the congress, rather, is doing much, much worse. you see the approval rating for congress. it's only 14%. 81% disapprove of congress. that is epically bad and it shows the president has a bit of a strength in hand as he goes into the budget talks. so does this final number that i want to run through, which is if the budget talk fails, the debt limit is not raised and if there are consequences for the united states not meeting its obligations, who would you blame? 45% say they would blame republicans in congress. only 33% say they would blame pb and democrats. the bully pull pit has some value. democrats have a better image with the american people than republicans do. but nobody has a great image right now. and when we asked people, joe, the recent budget talks in was
president obama's approval rating is over 50%, it's at 52%. not bad. but not a real spike as sometimes you get with a re-elected president who benefits from the absence of bad feeling once the election is over. he's doing a little better, but he only moves in a narrow band. republicans or the congress, rather, is doing much, much worse. you see the approval rating for congress. it's only 14%. 81% disapprove of congress. that is epically bad and it shows the president has a bit of a strength in...